This document discusses the three pillars that support modern finance systems: states, central banks, and markets. States provide essential services to support business growth, central banks monitor banks/credit and control inflation, and markets determine exchange rates and finance the economy. While the three pillars model is an oversimplification, different regions rely more on certain pillars - for example, Europe relies more on banks, the US more on markets, and China most heavily on markets. The document will examine case studies on bank finance and the subprime crisis.

1. 1
GLOBAL VIEW
BANK FINANCE
MARKET FINANCE
THE SUBPRIMES CRISIS
CASE STUDIES
CONCLUSION

2. GROWTH
INFLATION
CREDIT
BUSINESS
BANK
FINANCE
GROWTH
2
CENTRAL
BANK
MARKETS
STATE
FINANCE
FINANCE
FINANCE IS EVERYWHERE

3. 3
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
BANK FINANCE
MARKET FINANCE
THE SUBPRIMES CRISIS
CASE STUDIES
CONCLUSION
GLOBAL VIEW
THE THREE PILLARS …
1

4. 4
population
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

5. GROWTH
COMPANYCOMPANY
GROWTH
5
BUSINESS
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
Provide jobs
Reduce poverty
Revenues for State
GROWTH
IS ESSENTIAL

6. GROWTH
COMPANYBUSINESS
GROWTH
6
Taxes
Subventions
Public orders
STATE
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

7. GROWTH
COMPANYBUSINESS
GROWTH
7
Taxes
Subventions
Public orders
STATES ARE THE
FIRST PILLAR
STATE
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

8. GROWTHGROWTH
8
BUSINESS
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
CREDIT
BANK
STATE

9. GROWTH
COMPANYBUSINESS
GROWTH
9
CENTRAL
BANK
CREDIT
BANK
rates
volumes
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
MONITORING BANKS AND CREDIT
1st mission of Central Banks
STATE
Taxes
Subventions
Public orders

10. GROWTHGROWTH
10
INFLATION
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

11. GROWTH
COMPANYBUSINESS
GROWTH
11
INFLATION
CENTRAL
BANK
CREDIT
BANK
rates
volumes
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
CONTROLLING INFLATION
2nd mission of Central Banks
STATE
Taxes
Subventions
Public orders

12. GROWTH
COMPANYBUSINESS
GROWTH
12
INFLATION
CENTRAL
BANK
CREDIT
BANK
CENTRALS BANKS ARE
THE SECOND PILLAR
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
STATE

13. GROWTH
COMPANYBUSINESS
GROWTH
13
MARKETS
FINANCE THE ECONOMY
CREDIT
BANK
MARKETS
FINANCE
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
STATE

14. GROWTH
COMPANYBUSINESS
GROWTH
14
CREDIT
BANK
FINANCE
STATE
MARKETS
MARKETS FINANCE
BANKS AND STATES TOO
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

15. GROWTH
CREDIT
BUSINESS
BANK
FINANCE
CROISSANCE
15
MARKETS
STATE
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
MARKETS DETERMINE
EXCHANGE RATES

16. GROWTH
INFLATION
CREDIT
BUSINESS
BANK
FINANCE
GROWTH
16
CENTRAL
BANK
MARKETS
STATE
FINANCE
FINANCE
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
MARKETS ARE THE
THIRD PILLAR

17. 17
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
REALITY IS A BIT
MORE COMPLEX
BUSINESS
MONEY
GOVERNMENT
MONEY
PRIVATE
MONEY

18. BUSINESS
MARKET
BANK
30%
70%
EUROPE
STATE
18
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

19. BUSINESS
MARKET
BANK
70%
30%
USA
STATE
19
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

20. BUSINESS
MARKET
10%
90%
CHINA
20
BANK
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS
STATE

21. BUSINESS
MARKET
21
STATE
THE THREE PILLARS
CENTRAL
BANK
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

22. CENTRAL
BANKS
22
GLOBAL VIEW
MARKETS, STATES &
CENTRAL BANKS

23. 23
GLOBAL VIEW
BANK FINANCE
MARKET FINANCE
THE SUBPRIMES CRISIS
CASE STUDIES
CONCLUSION
BANK FINANCE
UNDER THE CONTROL OF
CENTRAL BANKS
2
NEXT